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Ethereum Public Thoughts by Tong Ge
Bitcoin and altcoins are weakening together, current price at 2275, short-term is weak with oscillations, bears are dominant, rebounds are opportunities to short, stabilize then go long at lower levels.
Key support: 2250—2260 (strong support), 2220 (lifeline)
Key resistance: 2290—2300 (first resistance), 2320—2340 (strong resistance)
Trading suggestions
Short on rebounds facing resistance
If rebound reaches 2290—2300 and cannot break through, with long upper shadows, try short positions lightly
First target at 2250—2260, if broken, look at 2220.
Buy the dip on stabilization
If dip to 2250—2260 stabilizes without falling, with long lower shadows, buy low to go long
Stop loss below 2220, first target at 2290—2300, break above look at 2320.
ETH shows more obvious weakness, more volatile, position lighter than BTC
No heavy positions, no all-in, strictly set stop losses. $ETH